You could be a bit of exhausted with election updates by now… however in case you aren’t right here’s the most recent from the CTF

 

What per week it has been. While we nonetheless await a ultimate name on the presidential election, there have been some main developments this week – some good, some not so good – that may have an effect on the way forward for the hashish trade. Here is a fast have a look at 4 facets of the election and the way they could influence reform on the federal stage:

The poll measures: Nothing however nice information right here. Cannabis-related poll measures handed in each state the place they appeared on the poll. Legalization measures handed in deep purple states (Montana, South Dakota), a deep blue state (New Jersey), and a deep purple state (Arizona). We even witnessed success within the Deep South, with the passage of an expansive medical hashish measure in Mississippi. Completing the sweep, South Dakota voters additionally accredited a medical hashish measure. These are domino wins, which means that they’re more likely to have residual constructive impacts. The win in New Jersey is more likely to encourage surrounding states, led by New York, to push for legalization extra shortly. The institution of a medical hashish market in Mississippi is more likely to spur different southern states to behave. And, on the congressional stage, the exceptional wins in South Dakota, for instance, are more likely to have an effect on elected officers like U.S. Senator John Thune (R-SD), the second rating member of the Senate, who spent a lot of this yr mocking the Democrats’ inclusion of the SAFE Banking Act of their coronavirus reduction bundle. The growth of authorized hashish on the state stage has lengthy made legalization on the federal stage inevitable. These wins add to the momentum and push us nearer to that day. In the quick time period, these wins might very nicely improve the chance that the SAFE Banking Act can be included in laws making its option to the president’s desk throughout the upcoming lame duck session of Congress.
President: We aren’t going to get forward of the Associated Press and declare a winner right here, so we should always in all probability save our ideas for now. But we’re actually watching carefully to see whether or not the Senate lead sponsor of the MORE Act is the subsequent Vice President of the United States. We anticipate that she could be robust advocate for reform within the White House. A Biden administration would probably additionally do extra to facilitate analysis on hashish within the U.S.

U.S. Senate: To this level, it has not been a superb week for hashish coverage reform so far as management of the U.S. Senate is anxious. While projections earlier than the election advised that Democrats may acquire management of the chamber, the chances of that occurring at this level seem very slim. It would require Democrat Mark Kelly retaining his lead in Arizona as the ultimate votes are counted in that state; Jon Ossoff holding Sen. David Purdue (R-GA) beneath 50% because the final votes are counted in Georgia, which might power a runoff; after which the Democratic candidates profitable not one, however two runoff elections in Georgia in early January. And all of that may solely result in Democratic management of the Senate *if* the Biden/Harris workforce wins the race for the White House. So, assuming for now that Republicans will keep management of the Senate, we may have a management workforce and committee chairs far much less favorable to reform than we’d have had below a Democratic caucus led by Sen. Chuck Schumer, who has lately been vocal about ending hashish prohibition on the federal stage. We also needs to observe that probably the most supportive Republican senator on hashish coverage reform, Sen. Cory Gardner (R-CO), misplaced his seat and can now not be round to push his caucus in the best course. All of this mentioned, it doesn’t change the truth that reform on the federal stage is inevitable. If the Republicans retain management, we are going to simply work tougher to coach members about the advantages of reform and construct help on either side of the aisle, whereas searching for alternatives to advance reform the place attainable.

U.S. House: The Democrats got here into the election hoping to broaden their majority. It seems as an alternative that their majority will slim. This might have the impact of inflicting the caucus to be extra cautious on sure points. But it appears as if we’ve got reached some extent the place reforming the nation’s hashish legal guidelines is a stable a part of the Democratic agenda. So we anticipate that the caucus will proceed to struggle for reform. We may have an indication of the place the Democrats stand within the very close to future, as management might want to decide about whether or not to carry a promised vote on the MORE Act throughout the lame duck session. Regardless of whether or not that vote is held, we anticipate that the sample we’ve got seen over the previous decade will proceed and that there can be much more progress within the subsequent session of Congress than there was within the one that’s coming to an in depth.

We will proceed to maintain you up to date as occasions unfold.

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